I agree that the process isn’t going to be perfect. But the relevant question is whether it’s sufficiently better than the status quo.
For what it’s worth, I think the insurers may be more likely to over-hedge and only offer insurance at unreasonably high prices. That might be less of a problem (or it might make this whole thing politically infeasible).
I agree that the process isn’t going to be perfect. But the relevant question is whether it’s sufficiently better than the status quo.
For what it’s worth, I think the insurers may be more likely to over-hedge and only offer insurance at unreasonably high prices. That might be less of a problem (or it might make this whole thing politically infeasible).